Why PolyMet Mining Dropped 20% This Morning
Shares of PolyMet Mining (NYSEMKT: PLM) were down 20% Tuesday morning before recovering somewhat; as of 11 a.m. EDT, they remained down 18%. This follows a huge day on Friday, when shares were up 70% before closing ahead 40%.
PolyMet is preparing to begin the NorthMet mining project in Minnesota. The area includes the Mesabi Iron Range, which has been supplying iron ore to the nation's steelmakers for more than a century.
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Source Fool.com
